What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
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Re: What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
#2I was reading a bit about their story, it feels like they managed to succeed by turning overly funded (and by then devalued) software products and restructuring them for long term profitability as they are not bounded to the classic 10 year time horizon of private funds. Wondering if we will see more plays like this as alternatives to traditional private equity and as fallback option for VC backed companies that bursted.
Re: What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
#3Related:
Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
https://news.ycombinator.com/item?id=48446310
Weird Italian loveletter about the IPO:
Bending Spoons just went public: Italy won the World Cup
https://news.ycombinator.com/item?id=48773549
Some history from only the past year in discussions:
Bending Spoons acquires Vimeo for $1.38B
https://news.ycombinator.com/item?id=45197302
AOL to be sold to Bending Spoons for $1.5B
https://news.ycombinator.com/item?id=45749161
Bending Spoons Acquires Eventbrite
https://news.ycombinator.com/item?id=46124673
Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
Re: What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
#4Is it not just a private equity fund masquerading as a tech firm?
Re: What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
#5I was reading a bit about their story, it feels like they managed to succeed by turning overly funded (and by then devalued) software products and restructuring them for long term profitability as they are not bounded to the classic 10 year time horizon of private funds. Wondering if we will see more plays like this as alternatives to traditional private equity and as fallback option for VC backed companies that burs…
From the acquisitions I've followed, what they do is firing 80% of the staff the next week after the acquisition, raise prices, and put the app in maintenance mode. I don't know if they've done something more sensible elsewhere, but they mostly do wealth extraction.
Re: What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
#6Is it not just a private equity fund masquerading as a tech firm?
It is. They are also enshittifying Komoot and EventBrite. Also by default they acquire a company and fire all staff within the week. Fuck Bending Spoons.
Re: What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
#7Whatever they are, they let Evernote devolve into a buggy pile of crap -- especially on Android. I migrated to Joplin, stopped paying for my obscenely expensive plan ($$$ per year) and haven't looked back.
Re: What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
#8Is it not just a private equity fund masquerading as a tech firm?
It is. They are also enshittifying Komoot and EventBrite. Also by default they acquire a company and fire all staff within the week. Fuck Bending Spoons.
I wish they'd buy Spotify...
Keep one SRE to keep the servers running, one guy to do security updates to the app, and the team that acquires rights to music.
Re: What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
#9Re: What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
#10Is it not just a private equity fund masquerading as a tech firm?
It is. They are also enshittifying Komoot and EventBrite. Also by default they acquire a company and fire all staff within the week. Fuck Bending Spoons.
Pre-bending spoons Komoot was a beautiful app and community.
You could operate it one handed with your brightness turned all the way down and easily get the info you needed.
Now when I pull it up mid ride to route home I have to click through multiple upgrade to premium pop ups with tiny exit crosses.
All good things etc etc